And there’s great news, folks. Research firm PhoCusWright notes that vacation home rentals are a $24-million a year business in America, as reported by BankRate.com.
The story dished out good advice for picking up tenants, including partnering with local businesses (restaurants, amusement parks and the like), lowering the requiring minimum stay and one other surprising strategy: reducing the price for a larger home to make renters feel like they’re getting more for their money.
Sounds about right.
U.S. consumers get a rush from buying big, whether it’s jumbo-sized bathroom tissue or paper towels.
Vacation home owners, what tactics have you tried tp maximize your listing during non-peak seasons? Twitter me @checkincheckout.
Valerie Moloney is your resident blogger and the Expansion Markets Editor for Citysearch.com, who oddly enough, feels panicked when asked, "What's the best place to eat in Chicago?" or her favorite, "It's my birthday. Where should we go with a party of six?" No stranger to travel--and traveling with kids--she is a young mom who ODs on the Internet when it comes to planning family trips or buying clothes. Here's hoping she finds you the vacation you deserve.